CyEx Shields Crypto Wallets from Fraud

CyEx has added Crypto Wallet Monitoring to its Financial Shield offerings to combat cryptocurrency-related fraud. The feature allows customers to monitor up to 10 crypto wallets for breach and dark web exposure, enabling them to take action before funds are lost.

Last year, Americans reported $11.3 billion in losses to cryptocurrency related fraud, a 22% increase year-over-year, according to the FBI's Internet Crime Complaint Center (IC3). Average losses per complaint totalled $62,600, with more than 18,500 complaints resulting in losses totalling over $100,000.

CyEx Founder & President Jerry Thompson stated, 'Cryptocurrency has become an increasingly attractive target for cybercriminals... By integrating Crypto Wallet Monitoring into our Financial Shield products, we're giving consumers early visibility into potential threats so they can take action before exposed wallet information becomes irreversible financial loss.'